A study of strategic factors affecting post-cross-border acquisition technological innovation performance of the acquiring firms using m-TISM and MICMAC
Journal of Advances in Management Research
ISSN: 0972-7981
Article publication date: 25 June 2024
Issue publication date: 29 October 2024
Abstract
Purpose
This study aims to identify the strategic factors and their effects on the post-cross-border acquisitions (CBA) technological innovation performance of the acquiring firms. It develops a hierarchical model to examine the interrelationship between identified strategic factors such as strategic flexibility, strategic ambidexterity, environmental dynamism, etc.
Design/methodology/approach
This study uses modified total interpretive structural modeling qualitative methodology (m-TISM) to develop a hierarchical model and conducts a Matrice d’impacts croisés multiplication appliquée á un classment (MICMAC) analysis to show the interrelationship between strategic factors affects the acquirer’s post-CBA technological innovation performance. It determines the autonomous, dependent, linkage and independent strategic factors. It further uses comparative case analysis to empirically examine the strategic factors in real-time CBA situations.
Findings
This study shows the m-TISM-based hierarchical model highlighting the interrelation, level of autonomy, dependence and linkage among strategic factors affecting the acquirer’s post-CBA technological innovation performance. It suggests that strategic factors such as environmental dynamism, R&D competence, innovation capability and technological capability are largely autonomous and have significant driving power, whereas strategic ambidexterity and strategic flexibility are the connecting factors. post-M&A integration is the governing factor for technological innovation performance in CBA.
Research limitations/implications
The strategists and practitioners could evaluate the key strategic factors having significant driving power for strategy formulation and implementing efficient policies. By implementing the m-TISM model acquiring a firm’s post-CBA performance can be enhanced. Future researchers might utilize quantitative methods like regression and structural equation modeling in the CBA context.
Originality/value
This study uses a novel m-TISM and MICMAC approach to identify the driving and dependent factors affecting post-CBA technological innovation performance. It further provides a detailed theoretical and conceptual understanding relating to the philosophy and establishes an interrelation amongst these under-researched strategic factors in CBA.
Keywords
Acknowledgements
The authors are grateful to the journal’s anonymous referees for their extremely useful suggestions to improve the quality of the paper.
Citation
Bansal, J.K., Sengar, N., Ansari, A.Z., Kashiramka, S. and Chaudhry, H. (2024), "A study of strategic factors affecting post-cross-border acquisition technological innovation performance of the acquiring firms using m-TISM and MICMAC", Journal of Advances in Management Research, Vol. 21 No. 5, pp. 711-737. https://doi.org/10.1108/JAMR-03-2024-0085
Publisher
:Emerald Publishing Limited
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